RBI Policy: Monetary Ceiling Of Gold Loans Under Bullet Repayment Scheme Hiked From Rs 2 Lakh To Rs 4 Lakh
RBI has said that it will issue a detailed guideline regarding the matter separately.
Oct 06, 2023, 11:22 AM IST
ATTENTION NRIs! Paying gold loan EMIs for your relatives back home gets easier
Over 4 lakh customers of Muthoot Group based out of the UAE and their relatives can now remit money instantly to the loan accounts through the 89 branches of Lulu International Exchange.
Sep 27, 2022, 12:17 PM IST
Gold Loan Book Outlook in 2022: Enormous scope for gold loan lending for NBFCs and banks, says Muthoot Finance MD
George Alexander Muthoot, MD, Muthoot Finance said, as the nascent economic recovery slowly takes roots, 2022 will be an important year to watch out for amidst the challenges posed by new Covid variants.
Dec 29, 2021, 15:47 PM IST
Good news for SBI customers! Get interest concession of 0.75% on Gold loan
SBI customers can now avail of Gold loans from across all channels of the bank at 7.5% per annum.
Aug 17, 2021, 11:45 AM IST
Gold Loan vs. Personal Loan: Which Is Better?
Below we’ve provided a comprehensive comparison of personal loans and gold loans so that you can make an informed decision on which would be better during an emergency.
Jul 19, 2021, 12:12 PM IST
Need money amid Covid-19 pandemic? Take gold loans from these banks at lowest interest rates
According to data compiled by Bankbazaar, banks are offering gold loans with interest rates starting as low as 7%. In comparison, personal loans are offered at around at least 10%.
Apr 24, 2021, 17:47 PM IST
HDFC Bank's bumper festive offer for rural customers – Check details on tractor, two-wheeler, Kisan gold loans
The HDFC ‘Festive Treats’ is the Bank's annual financial services dhamaka through the Government of India’s Common Service Centres (CSC) network.
Oct 09, 2020, 18:18 PM IST
RBI hikes LTV limit on gold loans to mitigate impact of COVID-19 – Here is all about the new guidelines on gold loans
This relaxation shall be available till March 31, 2021.
Aug 12, 2020, 09:55 AM IST
Bank refuses to return pledged gold citing Re 1 default
The petitioner said he had taken a loan of Rs 1.23 lakh from the bank by pledging 131 grams of gold jewellery on April 6, 2010.
Jul 02, 2018, 12:12 PM IST
Muthoot Finance Rs 2,000 crore public issue of NCDs opens on Tuesday
Muthoot said funds raised through this issue will be utilised primarily for lending activities.
Apr 07, 2017, 16:05 PM IST
RRBs can now extend loan up to Rs 2 lakh against gold
The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months.
Feb 17, 2017, 21:45 PM IST
Good News! Now, get gold loan @ 4 paisa interest
UAE Exchange India, the leading financial institution has launched a new gold loan offer for the loyal customers in this special festive season.
Sep 08, 2016, 17:50 PM IST
Muthoot Finance gets service tax notice for Rs 153 cr
Gold loan firm Muthoot Finance Monday said it has received a service tax notice demanding Rs 153.14 crore in taxes in addition to interest and penalty.
Jan 19, 2015, 21:40 PM IST
Cooperative banks allowed to double gold loan under bullet repayment
The Reserve Bank on Thursday doubled to Rs 2 lakh the amount of loan furnished by cooperative banks under the Gold Loan - Bullet Repayment scheme.
Jan 08, 2015, 19:13 PM IST
RBI relaxes norms for loans against gold ornaments
The Reserve Bank on Tuesday relaxed the limit of loan that banks can sanction against the pledging of gold ornaments and jewellery.
Jul 22, 2014, 19:04 PM IST
Gold finance companies up: RBI allows them as banking correspondents
Shares of finance companies which provide loans against gold rally after the RBI on Tuesday allowed banks to engage non-deposit-taking non-banking finance companies as banking correspondents for financial inclusion.
Jun 25, 2014, 11:19 AM IST
